EU gets budget letter from Italy, prepares answer. BRUSSELS (AP) - The European Union says a letter of the Italian government explaining its 2019 budget proposals has arrived, the latest step in a dispute... >>

EU to decide next steps on Italy budget Tuesday: spokesman. The European Commission will discuss and decide on Tuesday the next steps in the procedure for assessing Italy's 2018 draft budget, a Commission spokesman said on Monday. >>

EU's Moscovici doesn't want crisis with Italy, expects answers on budget. The European Commission does not want any crisis with Italy over its budget plans, but it expects answers to its concerns, European Economic Affairs Commissioner Pierre Moscovici said on Monday. >>

EU's Moscovici says does not want crisis with Italy, expecting answers on budget. European Economic Affairs Commissioner Pierre Moscovici said the European Commission did not want any crisis with Italy over its budget plans but that the EU executive still had questions and was awaiting answers on Monday. >>

EU's Moscovici says doesn't want crisis with Italy, expects answers on budget. The European Commission does not want any crisis with Italy over its budget plans, but it expects answers to its concerns, European Economic Affairs Commissioner Pierre Moscovici said on Monday. >>

GLOBAL MARKETS-Investors sell Italian bonds, bank shares as EU warns on Italy budget. Investors shed Italian bonds on
Friday, driving their yields to 4-year highs while the euro fell
to a 2-month low as the European Union called Rome's draft
budget an "unprecedented" breach of EU fiscal rules. >>

Investors sell Italian bonds, bank shares as EU warns on Italy budget. Investors shed Italian bonds on Friday, driving their yields to 4-year highs while the euro fell to a 2-month low as the European Union called Rome's draft budget an "unprecedented" breach of EU fiscal rules. >>

Italian banking sector hit by sharp sell-off and its debt costs surge amid fears of row with EU. The country’s new political leaders are preparing a spending spree which economists fear is unsustainable and will breach European Union rules. >>

Italy approves final budget draft yet vows dialogue with EU. Italy’s government vowed Saturday to engage in constructive talks with the European Union as it nevertheless gave final approval to its rule-busting budget and brushed off a ratings downgrade triggered by its higher-than-expected deficit targets >>

Italy bank CDS up as much as 10 bps as govt bond selloff deepens. The cost of insuring exposure to
Italy's banks jumped on Friday, after the country's government
bond market sold off sharply as the European Union slammed
Rome's draft budget.
Five-year credit default swaps in UniCredit rose to
204 basis points, from a closing price of 194 bps on Thursaday
and was the highest since Dec 2016. CDS in
Intesa Sanpaolo widened eight bps to 212, and
Mediobanca rose 10 basis points, data from IHS Markit
showed. >>

Italy expects EU budget rejection on Tuesday: source. The Italian government expects the European Commission to decide for the first time ever on Tuesday to ask a member state to revise its draft budget, a government source said on Sunday. >>

Italy expects EU's decision on budget on Tuesday -source. Italy's government expects the European Commission to take on Tuesday the unprecedented decision of asking a member state to amend and resubmit its draft budget, a government source said on Sunday. >>

Italy says it's ready to discuss budget with EU authorities. The Italian government is ready to sit and discuss its budget targets with European Union authorities, Deputy Prime Minister Luigi Di Maio said on Monday, restating that the populist coalition had no plan to leave the euro. >>

Italy tells EU it is sticking to budget plans, keeps eye on debt, deficit. Italy's Treasury told the European Commission on Monday it would stick to its contested budget plans in defiance of EU fiscal rules, but promised to intervene if it failed to meet its debt and deficit goals. >>

Moody's cuts Italy's rating to one level above 'junk'. CNBC’s Willem Marx reports on rising tensions between the European Union and Italy over the latter’s 2019 fiscal targets. >>